MOL Signs Japan’s First Sustainability-Linked Lease for Chemical Tanker

In Japan, Mitsui O.S.K. Lines (MOL) announced Japan’s first sustainability-linked lease agreement with Tokyo Century Corporation through its subsidiary MOL Chemical Tankers for the chemical tanker BONITA ANA.

The lease agreement includes performance targets that, when met, will reduce lease payments, linking financial benefits to environmental achievements.

Tokyo Century’s framework, utilizing a Japanese Operating Lease with Call Option (JOLCO), supports companies in achieving their sustainability goals through tailored financial services.

Earlier this year Tokyo Century Corporation invested an undisclosed amount in Blue Ocean 4 Impact, a shipping fund focused on decarbonizing the shipping sector by investing in environmentally advanced ships and other vessels.

The BONITA ANA agreement is part of MOL’s “BLUE ACTION 2035” plan, focusing on marine and global environmental conservation. By integrating environmental strategy into its core management plans, MOL aims to set an example in the shipping industry, promoting initiatives that benefit both the environment and the business.

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